FactSet Research Systems Inc. (NYSE:FDS) Stock Position Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of FactSet Research Systems Inc. (NYSE:FDS) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,801 shares of the business services provider’s stock after selling 296 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in FactSet Research Systems were worth $735,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in FactSet Research Systems by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 254,556 shares of the business services provider’s stock worth $115,752,000 after purchasing an additional 10,727 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of FactSet Research Systems by 6.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 368,765 shares of the business services provider’s stock worth $175,919,000 after acquiring an additional 20,787 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of FactSet Research Systems by 134.1% during the second quarter. SteelPeak Wealth LLC now owns 2,629 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 1,506 shares during the period. Bell Asset Management Ltd purchased a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $6,756,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in FactSet Research Systems by 3.1% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 45,949 shares of the business services provider’s stock worth $20,321,000 after purchasing an additional 1,389 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Stock Performance

FactSet Research Systems stock opened at $427.01 on Friday. FactSet Research Systems Inc. has a 1 year low of $391.84 and a 1 year high of $488.64. The company’s 50-day moving average is $415.22 and its two-hundred day moving average is $429.73. The company has a current ratio of 1.28, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66. The company has a market cap of $16.24 billion, a PE ratio of 32.20, a PEG ratio of 2.53 and a beta of 0.75.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Friday, June 21st. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.91 by $0.46. FactSet Research Systems had a return on equity of 34.48% and a net margin of 23.56%. The business had revenue of $552.70 million during the quarter, compared to analysts’ expectations of $552.71 million. During the same period in the previous year, the firm earned $3.79 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that FactSet Research Systems Inc. will post 16.29 earnings per share for the current year.

FactSet Research Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be issued a $1.04 dividend. The ex-dividend date is Friday, August 30th. This represents a $4.16 annualized dividend and a dividend yield of 0.97%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 31.37%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group decreased their target price on FactSet Research Systems from $455.00 to $378.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Morgan Stanley lifted their target price on FactSet Research Systems from $350.00 to $355.00 and gave the company an “underweight” rating in a research note on Monday, June 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $464.00 price target on shares of FactSet Research Systems in a research report on Monday, June 24th. Bank of America downgraded shares of FactSet Research Systems from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $500.00 to $407.00 in a research report on Thursday, May 30th. Finally, Wells Fargo & Company upgraded shares of FactSet Research Systems to a “hold” rating in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $432.27.

Insider Transactions at FactSet Research Systems

In related news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the sale, the director now directly owns 9,193 shares of the company’s stock, valued at approximately $3,867,587.03. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Robin Ann Abrams sold 2,375 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $420.71, for a total transaction of $999,186.25. Following the completion of the transaction, the director now directly owns 9,193 shares in the company, valued at approximately $3,867,587.03. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Frederick Philip Snow sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total value of $1,249,770.00. Following the transaction, the chief executive officer now directly owns 12,915 shares of the company’s stock, valued at $5,380,259.85. The disclosure for this sale can be found here. Insiders have sold a total of 12,432 shares of company stock valued at $5,166,986 over the last 90 days. 1.00% of the stock is owned by company insiders.

About FactSet Research Systems

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.